Form 4: Reliance Global Group Director Scott Korman Acquires 53,000 Shares

Director Scott Korman acquired 53,000 shares of Reliance Global Group, Inc. common stock on June 17, 2024.

Summary

• On June 17, 2024, Scott Korman, a director of Reliance Global Group, Inc., acquired 53,000 shares of common stock.
• The acquisition was a grant of shares approved by the compensation committee.
• The price per share was $0.
• Following the transaction, Korman beneficially owned 91,177 shares.
• The share and dollar amounts do not reflect the 1-for-17 reverse stock split that was effectuated on July 1, 2024.
• After giving effect to the reverse stock split, the reporting person beneficially owned 5,364 shares of the issuer's common stock following the transaction reported on this Form 4.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction of stock acquisition by a company director, which can be interpreted as a sign of confidence, but without further context, it's difficult to gauge the overall impact.

Positives

• The acquisition of shares by a director could be seen as a positive sign of confidence in the company's future.

Stakeholder Impact

• The acquisition of shares by a director may positively influence shareholder sentiment.

Key Dates

Keywords

Reliance Global Group, Scott Korman, stock acquisition, director, Form 4, beneficial ownership, RELI, reverse stock split